Economy

SPDR Dow Jones REIT ETF (RWR) Rises 0.79% for Jan 16

SPDR Dow Jones REIT ETF (RWR) Rises 0.79% for Jan 16 The Dow industrials gained 159 points, or 0.6 per cent, to 25,958. Fourth quarterly reports have fuelled a bull market as indexed companies experience strong earnings that are supported by USA tax reform and sustained global economic growth. [Full Article...]

Airbus to shut down A380 programme if fails to clinch Emirates deal

Airbus to shut down A380 programme if fails to clinch Emirates deal While Airbus may have won the new orders race previous year, Boeing manufactured and delivered more aircraft than the French plane maker. The air show ended without an A380 deal, throwing the line into question. Airbus is planning to reduce production this year and intends to deliver 12 A380s. Airbus is facing multiple corruption investigations, notably in Britain, France and Austria. [Full Article...]

Ford Announce Plans To Invest At Least £8bn In Electric Cars

Ford Announce Plans To Invest At Least £8bn In Electric Cars Ford believed that the answer would be positive. In the United States, General Motors Co has outlined plans to introduce 20 new battery and fuel cell electric vehicles by 2023, majority built on a new dedicated, modular platform that will be introduced in 2021. [Full Article...]

Big UK government contractor sees shares plunge on debt woes

Big UK government contractor sees shares plunge on debt woes DEVELOPERS are being sounded out to rescue major infrastructure projects across Scotland if leading construction firm Carillion collapses. Ministers are drawing up plans to take over prisons contracts worth £200m from Carillion, . A government spokeswoman said: "Carillion is a major supplier to the government with a number of long-term contracts". "We are committed to maintaining a healthy... [Full Article...]

Falling fashion sales hit M&S

Falling fashion sales hit M&S Shares in Tesco , which has around 50 stores in Northern Ireland, fell towards the bottom of the FTSE 100 yesterday, despite reporting a solid rise in sales over the critical Christmas trading period. Mr Rowe said on food, the group had "a lot to do to get our business back on track" having disappointed in the last few quarters despite rivals enjoying a sales boost from rising inflation. [Full Article...]

Ford to offer diesel version of best-selling F-150 pickup truck

Ford to offer diesel version of best-selling F-150 pickup truck The design team paid particular attention to extreme driving conditions in engineering the 3.0L diesel, according to Ford. The diesel F-150 is powered by Ford's only diesel V-6 - a 3.0-liter Power Stroke turbocharged engine that makes 250 horsepower and 440 pound-feet of torque. [Full Article...]

Nvidia teams up with Uber, VW for self-driving, AI tech

Nvidia teams up with Uber, VW for self-driving, AI tech A year after unveiling the Xavier autonomous machine intelligence processors, Nvidia has now started shipping the Xavier processors to customers this quarter. "Xavier is a key part of the Nvidia Pegasus AI computing platform". The chip maker, which has already partnered with the industry through companies such as Tesla and Chinese Baidu , is stepping up its efforts to develop self-drivi... [Full Article...]

Man 'smearing feces' redirects flight to Alaska

Man 'smearing feces' redirects flight to Alaska According to the airline, the passenger cooperated with the fight crew and was interviewed by authorities upon landing. The man, a 22-year-old Vietnamese passport holder with USA residency, was escorted off the plane in handcuffs and met by law enforcement in the terminal, Gamache said. [Full Article...]

San Francisco Bay Area jolted awake by magnitude 4.4 natural disaster

San Francisco Bay Area jolted awake by magnitude 4.4 natural disaster He also said there were no reports of any damage or injuries. Near San Francisco International Airport, several jolts could be felt. The quake knocked items off the 24-hour Safeway's shelves in San Leandro. The USGS acknowledged though that the natural disaster was relatively deep for a Hayward Fault quake. The Hayward Fault is capable of producing a 7-magnitude fault, which would have cau... [Full Article...]

Minn. AG Will Sue FCC Over Internet Neutrality Guidelines

An agency spokesman declined to comment, citing security concerns. Big US telcos and cable companies may yet rue the day that their man at the FCC made a decision to go gangbusters over net neutrality repeal . FCC Chairman Ajit Pai reportedly canceled an appearance at a tech event over death threats. It's not beyond the realm of possibility, though, that the cancellation may have been d... [Full Article...]

Nationwide Customs computer outage causes major New Year's delays at USA airports

Nationwide Customs computer outage causes major New Year's delays at USA airports Customs and Border Protection glitch. That power outage was caused by a fire that broke out beneath the airport, officials said. Jennifer Martin stood in line for hours. All airports are now back on line. It gave no explanation for the disruption and said travelers were processed using alternative procedures. The case remain under investigation by Homeland Security Investigations special agents. [Full Article...]

Italy's Manufacturing Growth Robust In December

Italy's Manufacturing Growth Robust In December The pickup in December's manufacturing PMI came on the back of strong demand both at home and overseas. This year has been strong, with the average PMI the best since 2006, Harker said. Accordingly, Indian manufacturers upped their staffing levels at the end of the year. Job creation accelerated in December and was steep overall as firms made efforts to expand capacity. [Full Article...]

Peaceful Protests Constitutional Right of Iranians - President Rouhani

The semi-official ILNA news agency reported Sunday that authorities had arrested some 80 protesters in the city of Arak, some 175 miles south of Tehran, as well as another 200 in Tehran on Saturday night. The protests have been the biggest show of dissent since huge rallies in 2009. Violence flared in many places on Saturday, and videos posted online suggest demonstrations have continued in a ... [Full Article...]

Michigan's minimum wage set to rise on New Year's Day

Michigan's minimum wage set to rise on New Year's Day Goodell said the earned income tax credit is targeted to those who need it most, while a minimum wage increase is across the board. This marks the second increase toward a statewide $15 minimum wage. "Wages continue to increase in Chautauqua County because we're continuing to see economic development". And while states like OH and Kentucky have blocked wage increases, others like Colorado and Hawa... [Full Article...]

Trump Fires Entire Council on HIV/AIDS With No Explanation

Trump Fires Entire Council on HIV/AIDS With No Explanation This week, HIV reseracher Dr Patrick Sullivan told The Washington Post that a form letter was sent out that "thanked me for my past service and said that my appointment was terminated, effective immediately". The administration is inviting new applicants to apply . PACHA was established in 1995, during the Clinton administration, to advise the White House on HIV strategies and policies. [Full Article...]

Instagram update introduces new 'Recommended for You' section

Instagram update introduces new 'Recommended for You' section But, the company says that it won't just flood your main feed with recommended posts , and, this section will only pop up "after you've viewed all the posts in your feed". This feature will suggest you posts that have been liked by the other accounts you are following. Users need not get it confused with their own home feed. [Full Article...]

Mega Millions jackpot grows to $306M, Powerball at $337M

Mega Millions jackpot grows to $306M, Powerball at $337M And, with only three drawing left in 2017-two for Powerball and one for Mega Millions-lucky winners should review the new tax rules before deciding whether to cash in 2017 or wait until 2018. Just behind that is the $648 million jackpot split by two winners on December 17, 2013. The last MI player to win the Mega Millions jackpot was Kevin Blake, of Waterford. [Full Article...]

Wake up, last-minute shoppers! Here's what stores are open late until Christmas

Wake up, last-minute shoppers! Here's what stores are open late until Christmas Walmart: Normal store hours (check your location) on December 23, and closing 6 p.m. on Christmas Eve. Walmart : Walmart closes at 6 p.m. on Christmas Eve, according to Walmart.com . on December 23, and from 8 a.m.to 5 p.m. Christmas Eve. Target: Varies by location. Lowe's: Normal hours until closing at 6 p.m. Christmas Eve. [Full Article...]

LA Metro Offering Free Rides On Christmas Eve, New Year's Eve

LA Metro Offering Free Rides On Christmas Eve, New Year's Eve On Dec. 30 the landfills will only be open until 4 p.m. A few in metro, for instance, will still be open 24/7 over Christmas and Boxing Day . Kohl's: Staying open 24-hours a day through 6 p.m. then close for Monday and Tuesday. GameStop: Will open at 8 a.m.to 10 p.m. December 23, and from 8 a.m.to 8 p.m. on Christmas Eve . Trees should be put at the curb by 7 a.m. [Full Article...]

Bitcoin plunges almost 35%, prompting Coinbase exchange to suspend trading

Bitcoin plunges almost 35%, prompting Coinbase exchange to suspend trading Coinbase - the largest Bitcoin market in the US - has disabled all buying and selling as the digital currency Bitcoin dramatically loses value. Users were convinced this week that Coinbase was involved in insider trading. The crash has been so drastic that Coinbase , one of the leading Bitcoin marketplaces, halted buying and selling of the currency on Friday morning. [Full Article...]


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